Debit Pending /Hold

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CALL YOUR BANK!!! Ask them!!

We don't know from whom the check was written - maybe their account is flagged? I don't know. Call your bank and ask them when the funds will be released and why there is no longer $200 available. MAYBE you used the $200. I don't know.

The bank has access to your account. We don't.

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Generally it means that they bank believes the check will not clear. Reg cc requires that 100 dollars be released the first day but if they have verified funds are not available and they check will be returned they are not required to release any funds and can hold funds already released. They are probably in the process of waiting for the physical check to be returned to them so they can back if out of your account to return the bad check to you.

I agree with Wild Woman. Call your bank. All banks are different.

My only thought is some banks make a certain amount available right away - but if you have any withdrawals coming out today in near future, maybe they hold on to funds.

Or maybe the check has to clear.

Who knows? Your bank would know. Make a quick call.

This is a question you should ask your banker.

All banks are different.

If you have a good relationship with your bank, they are more lenient about holding checks if you are a customer in good standing. STILL.... they reserve the right to hold checks up to 10 business days until that check clears and is deemed a good check.

IF they made all of the funds available to you instantly for withdrawal and then the check was not good, then they would deduct the funds from your account which could put you in a financial bind if you spent the money or wrote checks on that money. You would then be facing the fees associated with a bad check you deposited as well as any checks you wrote based on the bad check that ended up bouncing.

How do you expect people to know what's going on with your account? You really need to call your bank.

Here. I did a google search for you.
http://www.helpwithmybank.gov/get-answers/bank-accounts/f...

If you don't get your answer there? Call your bank. They can check out your account where they will look for blemishes (Bounced checks, current balance, etc).

Federal Reserve laws have changed. I asked this question at my bank. There is now a law requiring banks to do certain things. I experienced this when I tried to use on line banking. I wanted to transfer an amount over a $1000 from my savings to my checking. The law or their policy requires that certain actions have to be made in person. New one to me.

I have also deposited a large check and not been able to use the money even tho the bank said I could use $200 of it. Just like for you I couldn't use the $200. The reason for me is that I had recently overdrawn my account 3 times. I've banked with them for 30 years and have rarely overdrawn or had any difficulty. Customer service rep told me about recent? changes to Federal laws and banking.

Call your bank and ask for Customer Service. They will explain why this happened to you.

It's not weird that it's on hold; it's not weird that they allowed you $200 as a courtesy. What's weird is that the status changed. So yes, call the bank. Sometimes the $200 (or whatever the amount allowed) is automatic, and then the bank "sees" the actual check and decides it's from out of state or from some questionable or unknown payer, they might have changed the check's status. Those are the questions I would ask the bank - either you have a local bank and can call or visit (ask for a manager, not a teller), or you have an online relationship (say, with someone like Capital One) and you call the 800 number.

When my mom died my brother gave me a check for $5000. The back let me get $500 off it but the rest was to be held for 14 days...14 DAYS! The bank was in the next town over and it cleared the next day. I called them and asked if they could tell me if it cleared. It had, that night before.

I called my bank and said "Hey, I checked and that bank verified the check for $5000 cleared. When can I get access to my money"...13 more days." I asked why and they basically said that they had no way of knowing the money was there or not...that If I wrote checks and they went through before the time period was up that they'd return them to the presenter as unable to clear my account too.

I told them if I'd fully understood the terms of that then I would have simply gone to the actual bank and presented the check there to get my money.

SO we had to wait the full amount of time my bank required even though her bank said it was clear and they would even give me a letter showing it had cleared.

I stopped using my bank as soon as the released my funds.

Only your bank can tell you what their policy is. IF you have another check then you might want to just drive to that particular bank to present it and get cash.

BUT beware, some banks take a percentage of the check since you don't have a checking account there.

This may just be your banks policy, I would ask. I know my bank does no such thing and they are purely online, so based on some of the other answers it must vary from bank to bank.

If the check is from out of state they may decide to hold the whole amount. If the account you deposited it in did not have at least 200 in it when you made the deposit they might not make the 200 available.

Banks are required to release a certain amount from a deposit making it immediately available. The Federal Reserve governs what banks can and cannot do. Of course, some banks take advantage of certain wording. My bank makes $100 available immediately. Now, the hold could be due to activity that has occurred on your account in the past 6 months. It could also be due to suspicious checks. You know how the TSA has a list of names that could be terrorists and stops people from flying? the banks have lists of possible fraud items due to names or accounts. The check is not large enough to be held for a regulation hold. You will need to call your bank to find out why it is being held.

It may be your banks policy, your credit limit, or you have incoming charges.

There is a pretty common scam going around where you agree to be a secret shopper and they send you a cashiers check for $2000 with the instructions to deposit into your account, then go to a Walmart store and wire $1700 through Western Union. You are supposed to complete a customer satisfaction survey and keep the $300 for your troubles. It is a scam. You will lose the $1700. Banks are trying to protect their members from falling prey to such predators. If money is coming from a new source, I don't trust it is spendable until the bank makes is that way. That includes insurance settlements. Don't spend it until it has been fully vetted by a reputable financial institution.